Weak UK jobs data and political uncertainty keep sterling under pressure below key moving averages. GBP/USD remains below its 50- and 200-day simple moving averages at 1.3420, reflecting investor caution amid soft economic signals. The pair has struggled to break higher as
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ING analysts expect the euro to weaken further against the dollar, citing excessive ECB tightening bets and limited G7 summit impact. EUR/USD is likely to retest 1.1600 rather than recover to 1.1700 in the near term, as excessive European Central Bank tightening expectatio
India’s rupee weakens to near all-time lows against the dollar amid surging crude prices and higher fuel costs. The Indian Rupee (INR) extended its decline against the US Dollar (USD) on Tuesday, trading near 96.43, close to Monday’s record high of 96.62. Elevated oil pric
Persistent Middle East tensions and Fed rate hike bets lift the USD, pressuring the JPY despite stronger-than-expected Japanese GDP growth. The USD/JPY pair extended its rally for a seventh straight session, climbing to a nearly three-week high above 159.00 in early Europe
Bank of England expected to hike rates by 70 basis points The Bank of England is being priced to hike around 70 basis points before year-end. The 10-year gilt is near 5.2%, its highest since the 2008 financial crisis. The 30-year sits at levels last seen in 1998,
The UK self-storage operator reported FY non-GAAP EPS of 59.00p as like-for-like store revenue grew 2%. Big Yellow Group reported full-year revenue of £209.1 million, up 2.2% year-over-year, driven by a 2% increase in store revenue. Like-for-like store revenue also rose 2%
Rising US Treasury yields and Fed rate hike speculation drive USD gains, overshadowing BoJ intervention efforts amid weak yen fundamentals. The US dollar extended gains against the yen as Treasury yields hit March highs, fueled by inflation concerns and shifting Fed policy
The S&P 500 fell marginally over two days, its worst stretch since March, as tech stocks lagged while broader market strength emerged. The S&P 500 closed 0.07% lower after erasing most of an earlier 0.75% decline, as geopolitical tensions eased late in the session. The ind
Australia’s central bank projects inflation will exceed its 2-3% target until at least 2027 following an 8-1 vote to raise rates. The Reserve Bank of Australia expects inflation to stay above its 2% to 3% target range until at least 2027, according to minutes from its May
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